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February 11, 2005

Morguard buys Calgary property

TORONTO

Morguard Investments Ltd. has acquired a Calgary office building for a pension fund in a deal valued at $11.75 million.

The Toronto-based real estate manager said Tuesday the office building, called Century Park Place, is in downtown Calgary and is two-thirds occupied by the Alberta government.

The deal was made on behalf of a major Canadian pension fund, Morguard said in a release.

Morguard has more than $4.5 billion in assets under management for major institutional investors and property owners.

The Canadian Press

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